Management & Information Control Issues in Closely Held Companies (Telephone)
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This program will provide you with a practical guide to allocating voting and management rights, and restricting information rights, in closely held companies. Original speakers are available for questions.

11/20/2017
When: Monday, November 20, 2017
12:00 PM - 1:00 PM CT

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MCLE Accreditation
Nebraska Activity #148584, 1.0 hours CLE (Distance Learning)

Closely held companies, whether owned by members of a family or by unrelated parties, often want to concentrate voting power and management rights in a subset of stockholders or members.  This may be to capitalize on the expertise of certain holders, achieve other family succession, or other goals.  Also, investors may be content to vest management control in founders or operational experts but with the provision that investors gain full control of the company on the breach of financial covenants or occurrence of other events.  In the same way, controlling stockholders or members may want to restrict access to important information about the company, preventing minority stakeholders in the company from accessing it.  This program will provide you with a practical guide to allocating voting and management rights, and restricting information rights, in closely held companies. Original speakers are available for questions.

  • Drafting practical mechanisms for allocation of voting power/management rights
  • Fiduciary issues when voting power is concentrated in a subset of stockholders/members
  • Relationship of voting mechanisms to authority/powers of board of directors
  • Legal and practical differences in voting arrangements in corporate and pass-through entities
  • Change of control provisions on certain triggering events/breach of financial covenants
  • Rights & permissible restrictions on stockholder/member access to company information
  • Access to tax information in pass-through entities
Allen Sparkman is a partner in the Houston, Fort Worth, and Denver offices of Sparkman Foote, LLP.  He has practiced law for over forty years in the areas of estate, tax, business, insurance, asset protection, and charitable giving.  He has written and lectured extensively on choice-of-entity, charitable giving and estate planning topics.  He is the Colorado reporter for the books "State Limited Partnership Laws" and "State Limited Liability Company Laws," both published by Aspen Law & Business and co-author of “Using Limited Liability Companies, Partnerships, and Limited Partnerships in Colorado,” publishing by CLE in Colorado, Inc.  Mr. Sparkman received his A.B. with honors from Princeton University and his J.D. with high honors from the University of Texas School of Law.


To Register:
Cost $89.00

https://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=23001

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  • Click “Login to add to cart” button at the bottom of the program page
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  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Amy Prenda, Nebraska State Bar Association
(402) 475-7091 ext # 131; aprenda@nebar.com